What is the loan process for purchasing a Rolls Royce Phantom 2020 6.75L Short Wheelbase in KSA?

The loan process typically involves selecting a lender, submitting your application with necessary documents, getting approval, and signing the loan agreement before taking delivery of the vehicle.

Will taking a loan for the Rolls Royce Phantom affect my credit score?

Yes, taking a loan can affect your credit score as it increases your credit utilization ratio and may involve a hard inquiry on your credit report.

What factors should I consider when applying for a car loan in KSA?

Consider your credit score, income level, loan terms, interest rates, and any additional fees associated with the loan.

What documents are typically required for a car loan application in KSA?

Typically, you will need to provide proof of income, identification documents, credit history, and details about the vehicle you wish to purchase.

How do interest rates for car loans in KSA influence my loan repayment?

Higher interest rates increase your overall repayment amount, while lower rates can save you money over the term of the loan.

CarteaCar Loan Calculator

Rolls Royce Phantom 2020 6.75L Short Wheelbase Car Loan Calculator in KSA

To finance this car, you can first calculate the installment price in KSA

Monthly Payment

SAR 133,435

Down Payment

SAR 396,000

Total Cost

SAR 1,997,220

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 133,435	SAR 1,467,785
2	SAR 133,435	SAR 1,334,350
3	SAR 133,435	SAR 1,200,915
4	SAR 133,435	SAR 1,067,480
5	SAR 133,435	SAR 934,045
6	SAR 133,435	SAR 800,610
7	SAR 133,435	SAR 667,175
8	SAR 133,435	SAR 533,740
9	SAR 133,435	SAR 400,305
10	SAR 133,435	SAR 266,870
11	SAR 133,435	SAR 133,435
12	SAR 133,435	SAR 0

Monthly Payment Composition

Interest: 1435

Principal: 132000

Rolls Royce Phantom 2020 6.75L Short Wheelbase Car Loan Calculator FAQs in KSA

The loan process typically involves selecting a lender, submitting your application with necessary documents, getting approval, and signing the loan agreement before taking delivery of the vehicle.
Yes, taking a loan can affect your credit score as it increases your credit utilization ratio and may involve a hard inquiry on your credit report.
Consider your credit score, income level, loan terms, interest rates, and any additional fees associated with the loan.
Typically, you will need to provide proof of income, identification documents, credit history, and details about the vehicle you wish to purchase.
Higher interest rates increase your overall repayment amount, while lower rates can save you money over the term of the loan.